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Global Lockdowns Set To Plunge 100 Million Into Extreme Poverty - Zero Hedge
Global Lockdowns Set To Plunge 100 Million Into Extreme Poverty - Zero Hedge
The report appears to pin the blame on COVID-19 itself for the economic
impact, yet the actual culprit is discovered to be the “restrictions” put
in place by governments in response to the pandemic.
“With the virus and its restrictions, up to 100 million more people
globally could fall into the bitter existence of living on just $1.90 a
day, according to the World Bank. That’s “well below any reasonable
conception of a life with dignity,” the United Nations special rapporteur
on extreme poverty wrote this year. And it comes on top of the 736
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Global Lockdowns Set To Plunge 100 Million Into Extreme Poverty | Zero Hedge 8/12/20, 4:23 AM
million people already there, half of them in just five countries: Ethiopia,
India, Nigeria, Congo and Bangladesh.”
The report notes that the impact of the lockdown on the poor in countries
like India was “so abrupt and punishing” that their Prime Minister, Narendra
Modi, begged for forgiveness.
Given that many of those sunk into extreme poverty as a result of the
lockdown live in sub-Saharan Africa, this could also exacerbate mass
immigration from that region into Europe.
“It’s a timely reminder that the the main cost of the lockdowns favoured
by liberal policy-makers across the world will not be people in the West,
but those hovering just above the poverty line in the developing
world,” writes Toby Young.
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Global Lockdowns Set To Plunge 100 Million Into Extreme Poverty | Zero Hedge 8/12/20, 4:23 AM
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